USDJPY Fundamental Analysis – January 26th 2018

US Advanced Goods Trade Balance: The US Advanced Goods Trade Balance for December is predicted at -$68.9B. Forex traders can compare this to the US Advanced Goods Trade Balance for November which was reported at -$70.0B.

US Wholesale Inventories: US Wholesale Inventories for December are predicted to increase by 0.4% monthly. Forex traders can compare this to US Wholesale Inventories for November which increased by 0.8% monthly.

US Advanced GDP: The US Advanced GDP for the fourth-quarter is predicted to increase by 3.0% annualized. Forex traders can compare this to the previous fourth-quarter GDP which increased by 3.2% annualized. Personal Consumption is predicted to increase by 3.7% annualized. Forex traders can compare this to previous fourth-quarter Personal Consumption which increased by 2.2% annualized. The GDP Price Index is predicted to increase by 2.3% annualized. Forex traders can compare this to previous fourth-quarter GDP Price Index which increased by 2.1% annualized. The Core PCE is predicted to increase by 1.9% annualized. Forex traders can compare this to previous fourth-quarter Core PCE which increased by 1.3% annualized.

US Preliminary Durable Goods Orders: US Preliminary Durable Goods Orders for December are predicted to increase by 0.9% monthly and Durables Excluding Transportation are predicted to increase by 0.6% monthly. Forex traders can compare this to US Durable Goods Orders for November which increased by 1.3% monthly and to Durables Excluding Transportation which decreased by 0.1% monthly. Capital Goods Orders Non-Defense Excluding Aircraft for December are predicted to increase by 0.5% monthly and Capital Goods Shipments Non-Defense Excluding Aircraft are predicated to increase by 0.4% monthly. Forex traders can compare this to Capital Goods Orders Non-Defense Excluding Aircraft for November which decreased by 0.2% monthly and to Capital Goods Shipments Non-Defense Excluding Aircraft which decreased by 0.1% monthly.

Here are the key factors to keep in mind today for Japanese Yen trades:

Japanese National CPI: The Japanese National CPI for December increased by 1.0% annualized. Economists predicted an increase of 1.1% annualized. Forex traders can compare this to the Japanese National CPI for November which increased by 0.6% annualized. The Japanese National Core CPI for December increased by 0.3% annualized. Economists predicted an increase of 0.4% annualized. Forex traders can compare this to the Japanese National Core CPI for November which increased by 0.3% annualized. The Japanese National CPI Excluding Fresh Food for December increased by 0.9% annualized. Economists predicted an increase of 0.9% annualized. Forex traders can compare this to the Japanese National CPI Excluding Fresh Food for November which increased by 0.9% annualized.

Japanese Corporate Service Price Index: The Japanese Corporate Service Price Index for December increased by 0.8% annualized. Economists predicted an increase of 0.8% annualized. Forex traders can compare this to the Japanese Corporate Service Price Index for November which increased by 0.8% annualized.

Should price action for the USDJPY remain inside the or breakdown below the 109.000 to 109.400 zone the following trade set-up is recommended:

Timeframe: D1

Recommendation: Short Position

Entry Level: Short Position @ 109.200

Take Profit Zone: 105.550 – 106.000

Stop Loss Level: 110.000

Should price action for the USDJPY breakout above 109.400 the following trade set-up is recommended:

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